* Ports sector in India is being driven by high growth in external trade.
* In FY22, all key ports in India handled 650.52 million tonnes (MT) of cargo traffic. In FY23 (April-January) cargo traffic handled by major stood at 646.10 million tonnes.
* The key ports are expected to deliver seven projects worth more than US$ 274.31 million (Rs. 2,000 crore) on a public-private partnership basis in FY22.
* The Finance Minister proposed to double the ship recycling capacity of ~4.5 million light displacement tonnes (LDT) by 2024; this is expected to generate an additional ~1.5 lakh employment opportunities in India.
* In Union Budget 2023-24, the total allocation for the Ministry of Shipping was US$ 1,813.16 million (Rs. 2,218.74 crore).
* In July 2021, the Marine Aids to Navigation Bill 2021 was passed by the Parliament, incorporating global best practices, technological developments and India's international obligations in this field.
* India has a coastline which is more than 7,516.6 km long, interspersed with more than 200 ports.
* Most cargo ships that sail between East Asia and America, Europe and Africa pass through Indian territorial waters.
Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nuremberg, ...
The "White Revolution" in India refers to the successful implementation of Operation Flood, a dairy development program launched on January ...
Ayurveda, an ancient health system originating from India, has a longstanding history. It revolves around using plants and herbs to maintain health an...
India's digital ecosystem has undergone an enormous change in recent years. The progressive integration of government services into digital platfo...
India's digital payment ecosystem has undergone a remarkable transforma...
The healthcare industry in India has emerged as an important contributor to...
In recent years, the pursuit of net-zero emissions has garnered substantial...